MGO One Seven LLC Sells 1,151 Shares of HubSpot, Inc. $HUBS

Key Points

• MGO One Seven LLC reduced its stake in HubSpot, Inc. by 66.7% in the second quarter, selling 1,151 shares to hold 575 shares valued at $320,000.
• Despite MGO's sell-off, other institutional investors increased their holdings, with firms like OFI Invest Asset Management and Apollon Wealth Management reporting gains of 4.3% and 64.0%, respectively.
• HubSpot's shares opened at $437.15, with a 52-week high of $881.13 and reported a 19.4% year-over-year revenue growth, totaling $760.87 million last quarter.

MGO One Seven LLC lessened its position in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 66.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 575 shares of the software maker's stock after selling 1,151 shares during the period. MGO One Seven LLC's holdings in HubSpot were worth $320,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. OFI Invest Asset Management lifted its holdings in shares of HubSpot by 4.3% during the 2nd quarter. OFI Invest Asset Management now owns 1,876 shares of the software maker's stock worth $1,044,000 after acquiring an additional 77 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of HubSpot by 3.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,036 shares of the software maker's stock worth $3,919,000 after acquiring an additional 225 shares during the period. Apollon Wealth Management LLC lifted its holdings in shares of HubSpot by 64.0% during the 2nd quarter. Apollon Wealth Management LLC now owns 664 shares of the software maker's stock worth $370,000 after acquiring an additional 259 shares during the period. Aberdeen Group plc lifted its holdings in shares of HubSpot by 7.8% during the 2nd quarter. Aberdeen Group plc now owns 34,605 shares of the software maker's stock worth $19,262,000 after acquiring an additional 2,492 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of HubSpot by 24.4% during the 2nd quarter. Blue Trust Inc. now owns 862 shares of the software maker's stock worth $480,000 after acquiring an additional 169 shares during the period. Institutional investors own 90.39% of the company's stock.

Insider Buying and Selling at HubSpot

In other news, CTO Dharmesh Shah sold 17,253 shares of the stock in a transaction on Monday, September 8th. The shares were sold at an average price of $500.66, for a total transaction of $8,637,886.98. Following the completion of the sale, the chief technology officer directly owned 1,275,805 shares in the company, valued at $638,744,531.30. This represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Brian Halligan sold 8,500 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $449.84, for a total transaction of $3,823,640.00. Following the sale, the director owned 522,435 shares of the company's stock, valued at approximately $235,012,160.40. This trade represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,598 shares of company stock valued at $20,947,042. Insiders own 4.00% of the company's stock.

HubSpot Stock Performance

Shares of NYSE HUBS opened at $437.15 on Monday. HubSpot, Inc. has a 52-week low of $418.34 and a 52-week high of $881.13. The firm has a 50 day moving average price of $471.80 and a two-hundred day moving average price of $534.36. The stock has a market cap of $23.03 billion, a P/E ratio of -1,900.67, a price-to-earnings-growth ratio of 15.07 and a beta of 1.58.

HubSpot (NYSE:HUBS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.07. HubSpot had a negative net margin of 0.42% and a positive return on equity of 1.74%. The firm had revenue of $760.87 million during the quarter, compared to analysts' expectations of $739.94 million. During the same period in the prior year, the company posted $1.94 EPS. The company's revenue was up 19.4% on a year-over-year basis. Analysts predict that HubSpot, Inc. will post 1.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HUBS shares. JPMorgan Chase & Co. lowered their price objective on shares of HubSpot from $775.00 to $675.00 and set an "overweight" rating for the company in a research report on Thursday, August 7th. Stifel Nicolaus lowered their price objective on shares of HubSpot from $750.00 to $700.00 and set a "buy" rating for the company in a research report on Monday, July 14th. Piper Sandler started coverage on shares of HubSpot in a research report on Thursday, September 4th. They set an "overweight" rating and a $675.00 price objective for the company. Barclays lowered their price objective on shares of HubSpot from $745.00 to $675.00 and set an "overweight" rating for the company in a research report on Monday, July 21st. Finally, Macquarie lowered their price objective on shares of HubSpot from $730.00 to $660.00 and set an "outperform" rating for the company in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $723.11.

HubSpot Company Profile

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.

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